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3 years ago

The DeVille Company reported pretax accounting income on its income statement as follows:_____.

Business

1 answer:

Sonja [21]3 years ago

7 0

Answer:

Entries and their narrations are posted below

Explanation:

We will record assets and expenses on the debit as they increase during the year and will record liabilities and capital on the credit side as they increase during the year or vice versa.

<u>Journal Entries</u>

2018

Dr Tax Expenses 132000

Cr Deferred Tax Liability (66000*30%) 19800

Cr Tax Payable (374000*30%) 112200

2019

Dr Tax Expenses 106,020

Dr Deferred Tax Liability (66000-26400)*25% 9,900

Cr Tax Payable (386400*30%) 115,920

2020

Dr Tax Expenses 100500

Dr Deferred Tax Liability (33000*25%) 8250

Cr Tax Payable (430000-28000+33000)*25% 108750

2021

Dr Tax Expenses 117750

Dr Deferred Tax Liability (5600*25%) 1400

Cr Payable (470000+6600)*25% 119150

<u>Working </u>

2018

Accrued Income 440000

Less: Instalment Revenue -66000

Taxable Income 374000

2019

Accrued Income 360000

Add: Instalment collection 26400

Taxable Income 386400

2020

Accrued Income 430000

Less: Interest from municipal Bonds -23000

Add: Instalment collection 28000

Taxable Income 435000

2021

Accrued Income 470000

Add: Instalment collection 6600

Taxable Income 476600

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A company uses the weighted average method for inventory costing. At the beginning of a period the production department had 54,

harkovskaia [24]

I’m not sure but 181,500

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3 years ago

Misty, Ibtihaj, and Taraji, all African Americans, work in the advertising department of a large cosmetics company with a multi-

bagirrra123 [75]

Answer:

Varieties of perspectives

Explanation:

Diversity awareness is the ability to relate with individuals of various category like age , race , color , gender ,religion , ethnicity , physical disabilities , belief and so many other varieties in human .

It has so many benefits , one of which is "varieties of perspective ". The new advertising of incorporating women of a wide spectrum of skin tones came because of the view of the three African employees , which would not have been there if they were not employed.

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3 years ago

If manufacturing overhead has been underallocated during the period, then which of the following is true?(a) the jobs produced d

Alecsey [184]

Answer:

The correct answer is B: the jobs produced during the period have been under-costed

Explanation:

Giving the following information:

If manufacturing overhead has been under-allocated during the period, then which of the following is true?

(a) the jobs produced during the period have been over-costed

(b) the jobs produced during the period have been under-costed

(d) none of the above

When manufacturing overhead has been under-allocated means that the actual costs incurred where superior that the estimated cost for the period.

7 0

3 years ago

1. You have a portfolio that is invested 21% in Stock A, 34% in Stock B, and 45% in Stock C. The betas of the stocks are .66, 1.

MrMuchimi

Answer:

Portfolio Beta = 1.225 rounded off to 1.23

Option e is the correct answer.

r = 0.13338 or 13.338% rounded off to 13.34%

Explanation:

The portfolio beta is a function of the weighted average of the individual stocks' betas that form up the portfolio. To calculate the beta of a portfolio, we use the following formula,

Portfolio Beta = wA * Beta of A + wB * Beta of B + ... + wN * Beta of N

Where,

w is the weight of each stock

Portfolio Beta = 0.21 * 0.66 + 0.34 * 1.21 + 0.45 * 1.5

Portfolio Beta = 1.225 rounded off to 1.23

Using the CAPM, we can calculate the required rate of return on a stock. This is the minimum return required by the investors to invest in a stock based on its systematic risk, the market's risk premium and the risk free rate.

The formula for required rate of return under CAPM is,

r = rRF + Beta * (rM - rRF)

Where,

rRF is the risk free rate

rM is the market return

r = 0.037 + 1.22 * (0.116 - 0.037)

r = 0.13338 or 13.338% rounded off to 13.34%

3 0

3 years ago

Bruce, a first-line supervisor at Lou’s Market, regularly uses abusive and derogatory words when dealing with his subordinates.

Burka [1]

Answer:

The correct answer is Interpersonal.

Explanation:

Interpersonal justice refers to the perception of justice of employees in the interpersonal treatment they receive from those who have the power and the power to distribute the results (usually managers and managers). It is important for managers to be courteous and polite and treat employees with dignity and respect to promote interpersonal justice. In addition, managers and managers must refrain from making derogatory comments or belittling their subordinates.

4 0

3 years ago